mention wastes of capitalist economy
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As early as the 1920s Stuart Chase identified four systematic sources of waste under capitalism: (1) the labor power used to produce “vicious or useless goods and services”; (2) labor power wasted due to unemployment; (3) the unplanned nature of production and distribution of goods leading to inefficiencies..
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Features of a capitalist economic system
1. Economic freedom
2. Consumer sovereignty
3. Limited government
4. Finance sector
Examples. The United States is one example of capitalism
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